Categories Analysis, Earnings, Leisure & Entertainment

Take-Two Interactive (TTWO) Q3 earnings beat Street view; revenue up 5%

Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced third-quarter 2022 results Monday after the closing bell, reporting earnings that exceeded expectations.

Take-Two Interactive Q3 2022 earnings infographic

Third-quarter revenues rose to $903.3 million from $860.9 million in the corresponding period of 2021. Net booking moved up 6% annually to $866.1 million.

However, net income decreased to $144.5 million or $1.24 per share in the December quarter from $182.2 million or $1.57per share a year earlier. Analysts had predicted a slightly weaker bottom-line performance.

Read management/analysts’ comments on Take-Two’s Q3 results

The company’s stock closed Tuesday’s regular trading higher but dropped during the extended session after the earnings announcement. It has gained 9% in the past six months.

Prior Performance

  • Take-Two reports Q1 2022 earnings results
  • Take-Two reports Q1 2021 earnings results

Most Popular

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss

Add Comment
Viewing Highlight